Reducing costs can cause businesses to:
gain a competitive advantage
Left Hand Brewery is a microbrewery that crafts beer for sale in Colorado only. This is an example of a strategy focused on a niche.
Which of the following is NOT one of Porter's competitive strategies?
Which of the following is NOT a support activity on Porter's value chain?
Which of the following is one of the three principles of product implementation for a competitive advantage?
Differentiation of services
Porter defined value of a value chain as ________.
the amount of money that a consumer is willing to pay for a resource, product, or service
Organizations can lock in customers by:
establishing high switching costs
Dell computers established an alliance with Intel to gain a competitive advantage.
An organization's goals are determined by its ________.
Which of the following is NOT a primary activity in Porter's value chain?